Regulatory Alerts2023-07-12
Circular No. 4/2017: Amendments to Commissions and Caps on Bank Cards and Remittance Services
The Regulator issued Circular No. 4/2017 to amend the commissions and maximum caps applied to bank cards and remittance services. The directive mandates financial institutions to adopt revised fee schedules and transaction ceilings for both card-based payments and fast money transfers. Compliance with these updated pricing limits is mandatory for all licensed entities effective upon the circular's publication.
Share